Pak group wants to open marble unit in state
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'Want to move here as we face power shortage in our country'
Coming on the heels of the announcement by a Punjab-based group that it will open two Monte Carlo stores in Pakistan, the chairman of the Pakistan-based Victoria Group has given a proposal to the Indian Punjab government to open a marble grinding unit in the state, which will import high-quality marble from Pakistan into India. In return, Pakistan has shown keen interest to import dairy products, tea, dyeing extracts, chemicals and rubber products from India.
Talking to The Indian Express over the phone from Lahore, the chairman of Victoria Group and vice-president of Lahore Chamber of Commerce and Industry, Mian Abuzar Shad said: "I have given the proposal to Punjab government (India) that our company wants to open a marble grinding unit in Punjab. We will import marble from our country to India, do the polishing and grinding here and then sell it in the Indian market. We just want three acres of land to set up our unit.''
"As per our study, around 10 lakh tons of marble is consumed in Punjab (India) every year. The price of our marble is $90 - $150 per ton, which is 20 per cent cheaper than the marble mined in India. The quality of Pakistani marble is also 30 per cent better. It is a win-win situation for both countries," he said.
"The main reason why we want to shift our plant from Pakistan to India is that in Pakistan there is a problem in the supply of electricity. We face a lot of power cuts. We want to buy bio-gas technology from India so that we can produce power in our country. We also want to import dairy products, tea, dyeing extracts, chemical and rubber products from India."
Meanwhile, Ludhiana-based Nahar Group is warming up its stock of woollen garments to open two retail outlets of its flagship brand Monte Carlo in Lahore and Karachi. The company's managing director Kamal Oswal said the two stores will be opened by late 2013.